Appraisal as an M&A Investment Strategy

27th September, 2016

Historically, the remedy of Appraisal has received little notice in the M&A community. Recently, that has changed. There are more appraisal actions being filed with every deal. Carl Icahn publicly threatened to use Appraisal in the Dell fight, although he eventually took the deal price. Nonetheless, millions of other shares have filed for the remedy. Funds with hundreds of million in capital have even formed around a strategy of M&A Appraisal. Yet, it is below the radar of most investors.

A small, select group of institutional investors, hedge funds, family offices, and their advisors are being invited to this briefing. To encourage frank, open discussion, Chatham House rules will be followed so that comments made by participants will not be quoted without prior approval by the participant. 

Discussion Leaders:

Each briefing will include several of the following experts:

• Jay Eisenhofer, Managing Director at  Grant & Eisenhofer P.A., has been counsel in more multi-hundred million dollar cases than any other securities litigator.  He is widely recognized for his work in Delaware corporate law, appraisal remedies, and litigation related to protecting and promoting the rights of institutional shareholders.
• Geoff Stern, Managing Member of Muirfield Value Partners, an asset management firm dedicated to Appraisal Rights investing.  Mr. Stern spend 20 years at Donaldson Lufkin & Jenrett, where he was a partner in the Mergers and Acquisitions group.

 Participation is by invitation only.  To nominate a participant, please contact Jill@iief.org